DAVENPORT & Co LLC Reduces Stock Holdings in Dominion Energy Inc. $D

DAVENPORT & Co LLC lowered its stake in shares of Dominion Energy Inc. (NYSE:DFree Report) by 2.2% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 393,853 shares of the utilities provider’s stock after selling 8,899 shares during the quarter. DAVENPORT & Co LLC’s holdings in Dominion Energy were worth $24,091,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of D. Net Worth Advisory Group purchased a new stake in shares of Dominion Energy in the 3rd quarter valued at about $325,000. IFM Investors Pty Ltd lifted its stake in Dominion Energy by 2.8% in the third quarter. IFM Investors Pty Ltd now owns 201,628 shares of the utilities provider’s stock valued at $12,164,000 after buying an additional 5,549 shares during the last quarter. Shikiar Asset Management Inc. purchased a new stake in Dominion Energy in the third quarter valued at approximately $324,000. Yousif Capital Management LLC boosted its holdings in shares of Dominion Energy by 3.5% in the third quarter. Yousif Capital Management LLC now owns 120,243 shares of the utilities provider’s stock valued at $7,355,000 after acquiring an additional 4,040 shares during the period. Finally, Farther Finance Advisors LLC grew its position in shares of Dominion Energy by 111.9% during the third quarter. Farther Finance Advisors LLC now owns 27,476 shares of the utilities provider’s stock worth $1,681,000 after acquiring an additional 14,509 shares during the last quarter. Institutional investors and hedge funds own 73.04% of the company’s stock.

Dominion Energy Trading Up 0.8%

NYSE D opened at $58.60 on Thursday. The company has a quick ratio of 0.65, a current ratio of 0.84 and a debt-to-equity ratio of 1.41. The stock has a market capitalization of $50.04 billion, a P/E ratio of 19.93, a P/E/G ratio of 1.67 and a beta of 0.70. Dominion Energy Inc. has a 52-week low of $48.07 and a 52-week high of $62.87. The firm has a 50-day moving average price of $60.19 and a 200 day moving average price of $59.36.

Dominion Energy (NYSE:DGet Free Report) last released its earnings results on Friday, October 31st. The utilities provider reported $1.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.02 by $0.04. The company had revenue of $4.53 billion for the quarter, compared to analysts’ expectations of $4.71 billion. Dominion Energy had a return on equity of 9.60% and a net margin of 16.17%.The firm’s quarterly revenue was up 14.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.98 EPS. Dominion Energy has set its FY 2025 guidance at 3.330-3.480 EPS. Equities research analysts expect that Dominion Energy Inc. will post 3.39 EPS for the current year.

Dominion Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Saturday, December 20th. Shareholders of record on Friday, December 5th were given a $0.6675 dividend. The ex-dividend date was Friday, December 5th. This represents a $2.67 annualized dividend and a yield of 4.6%. Dominion Energy’s dividend payout ratio is presently 90.82%.

Analyst Upgrades and Downgrades

D has been the subject of a number of recent research reports. Morgan Stanley increased their price target on shares of Dominion Energy from $63.00 to $66.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 22nd. Evercore ISI assumed coverage on shares of Dominion Energy in a report on Tuesday, October 7th. They issued an “in-line” rating and a $67.00 target price for the company. Royal Bank Of Canada reissued a “sector perform” rating and set a $70.00 price target on shares of Dominion Energy in a report on Tuesday, October 28th. BMO Capital Markets reduced their price objective on Dominion Energy from $67.00 to $65.00 and set a “market perform” rating for the company in a research note on Monday, November 3rd. Finally, Wells Fargo & Company assumed coverage on Dominion Energy in a research note on Tuesday, October 28th. They issued an “overweight” rating and a $67.00 target price on the stock. Two research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $64.75.

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About Dominion Energy

(Free Report)

Dominion Energy, Inc, headquartered in Richmond, Virginia, is a diversified energy company that primarily operates regulated electricity and natural gas utilities and develops energy infrastructure. The company’s core activities include the generation, transmission and distribution of electricity to residential, commercial and industrial customers, as well as the purchase, storage and delivery of natural gas. Dominion combines traditional utility operations with energy infrastructure businesses to provide essential services across its service territories.

Dominion’s electricity portfolio spans multiple technologies and fuel sources, including nuclear, natural gas-fired generation and renewable resources such as utility-scale solar and wind.

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Institutional Ownership by Quarter for Dominion Energy (NYSE:D)

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